To: PaulW who wrote (29662 ) 2/19/1998 9:42:00 AM From: BillyG Read Replies (1) | Respond to of 50808
Twentieth Century Fox to Release Product on Divx; Fox Joins Four Other Studios in Support of Divx BEVERLY HILLS, Calif. and HERNDON, Va., Feb. 19 /PRNewswire/ -- Twentieth Century Fox Home Entertainment (TCFHE) and Digital Video Express, LP (Divx) have reached a multi-year agreement that will allow for TCFHE feature film video products to be released on Divx discs. Plans call for new video titles to be made available on Divx concurrent with their VHS rental and major promotion sell-through release. A selection of catalog products also will be made available on Divx. Twentieth Century Fox joins four other motion picture studios in supporting the Divx system, an enhanced DVD (Digital Versatile Disc) model that provides greater consumer convenience and flexibility, digital-quality picture and sound, and increased anti-piracy protections. "We believe that Divx is a great proposition for the growing number of consumers entering the digital video marketplace," noted Pat Wyatt, acting head of Twentieth Century Fox Home Entertainment. "Given the significant anti-copy safeguards that Divx offers, we feel our film assets will be sufficiently protected to allow for their day and date release with VHS." "Fox's support of Divx is terrific news for at-home video audiences as it expands the number of titles available on a digital disc," said Richard L. Sharp, chairman and chief executive officer, Divx. "Beginning later this year, the remarkable dramas, comedies and action films that movie lovers have come to expect from Twentieth Century Fox -- such as ALIEN RESURRECTION, THE EDGE and THE FULL MONTY -- will be available in a high-quality, convenient digital format." The Divx system enables consumers to purchase a special, encrypted movie disc that contains a two-day viewing period. The 48-hour viewing window begins, not when the consumer leaves the store, but only after he or she inserts the disc into the Divx player and presses play, either on the day of purchase, the following week or months away. Because the disc never has to be returned, there are never any late fees, and additional viewing periods can easily be purchased through the player. Divx-equipped players will play all basic DVD discs, but the lower-cost Divx discs cannot be played on basic DVD players. Other studios with long-term agreements with Divx include Disney, Paramount, Universal and DreamWorks. Twentieth Century Fox Home Entertainment is a subsidiary of Twentieth Century Fox Film Corporation, a News Corporation company. Recognized as an innovative global industry leader, Twentieth Century Fox Home Entertainment is the marketing, sales and distribution company for all FoxVideo and Fox Interactive products. Visit Twentieth Century Fox Home Entertainment on the Internet at www.foxhome.com. Digital Video Express, LP is a partnership of Richmond-based Circuit City Stores, Inc. (NYSE:CC, KMX), the nation's leading consumer electronics retailer, and a prominent Los Angeles entertainment law firm. More information can be obtained about Divx on the Internet at www.divx.com. SOURCE Digital Video Express, LP /CONTACT: Steven Feldstein of Twentieth Century Fox, 310-369-5369; Josh Dare, of Digital Video Express, 804-418-8237; or Ann Collier of Circuit City Stores, 804-527-4058/ /Web site: divx.com or foxhome.com (CC) Head